North America Sodium Reduction Ingredients Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.40 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Sodium Reduction Ingredients Market Analysis
North America Sodium Reduction Ingredient Market is projected to grow at a CAGR of 8.4% during the forecast period (2020-2025).
- Some of the major factors driving demand for SRI include the greater emphasis on health nutrition, the growing awareness with regard to the detrimental effects of excessive intake of salt, improvement in taste, and increased demand for processed foods.
- Growth in the food industry, especially the packaged and processed food segments, increases the consumption of sodium, among the consumers in North America. To reduce this high consumption, the manufacturers are making products that are tasty and healthy, but with less sodium content.
North America Sodium Reduction Ingredients Market Trends
This section covers the major market trends shaping the North America Sodium Reduction Ingredients Market according to our research experts:
Growing Consumption of Processed Food
The consumption of bakery products and other processed food in the region is expected to increase, assisted by the growth in the busy lifestyle among the population in countries like United States and Canada, development in the retail market, and stable economic growth. Moreover, manufacturers are involved in gregarious research and development in order to introduce new products with innovative flavors & healthy ingredients and growth in the retail market are expected to drive the demand in the near future. Moreover, the growing knowledge with regard to the detrimental effects of excessive intake of salt, improvement in taste, and increased demand for sodium reduction ingredients in bakery products.
Mineral Salts holds a Prominent Share in the Market Studied
Mineral salts, such as potassium chloride, magnesium sulphate, calcium chloride, and potassium lactate, among others, are widely used as SRIs, owing to their widespread availability and potential to replace normal salt in terms of its functionalities and taste. For example, Potassium chloride (KCL) is the most preferred SRI among mineral salts, due to its similar taste profile like salt (NaCl). Furthermore, food manufacturers use different mineral salts when they are formulating low-sodium or reduced-sodium products. This salt substitute provides a seasoning alternative for manufacturers looking to reduce sodium, while also maintaining flavor by using salts, like potassium chloride, to imitate salt (sodium chloride) in food products, which in turn boosting the market studied.
North America Sodium Reduction Ingredients Industry Overview
The key players in this market have been involved in the process of developing a range of customized solutions to target the specific needs of the food manufacturers and consumer health. Thus, the sodium reduction ingredients market has been gaining more global presence and acceptance among authorities. Some of the major key players in the sodium reduction ingredients market in North America include Biospringer, Tate & Lyle Plc, Advanced Food Systems Inc, Kerry Group Plc, among others.
North America Sodium Reduction Ingredients Market Leaders
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Givaudan SA
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Tate & Lyle Plc
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Kerry Group Plc
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Biospringer
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Corbion
*Disclaimer: Major Players sorted in no particular order
North America Sodium Reduction Ingredients Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Amino Acids & Glutamates
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5.1.2 Mineral Salts
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5.1.3 Yeast Extracts
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5.1.4 Others
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5.2 By Application
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5.2.1 Bakery & Confectionery
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5.2.2 Condiments, Seasonings & Sauces
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5.2.3 Dairy & Frozen Foods
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5.2.4 Meat & Seafood Products
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5.2.5 Snacks and Savoury Products
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5.2.6 Others
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5.3 By Geography
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5.3.1 United States
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5.3.2 Canada
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5.3.3 Mexico
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5.3.4 Rest of North America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Advanced Food Systems Inc
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6.4.2 Cargill Inc.
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6.4.3 Givaudan
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6.4.4 DuPont
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6.4.5 Corbion
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6.4.6 Kerry Group Plc
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6.4.7 Dr. Paul Lohmann GmbH & Co. KGaA
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6.4.8 Tate & Lyle Plc
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6.4.9 Lesaffre
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Sodium Reduction Ingredients Industry Segmentation
North America sodium reduction ingredients market is segmented by product type, application, and geography. Based on product type, the market is segmented into amino acids & glutamates, mineral salts, yeast extracts, and others. Based on application, the market is segmented into bakery & confectionery, condiments, seasonings & sauces, dairy & frozen foods, meat & meat products, snacks and savoury products, and others. Based on geography, the report provides a regional analysis, which includes United States, Canada, Mexico, Rest of North America.
| By Product Type | |
| Amino Acids & Glutamates | |
| Mineral Salts | |
| Yeast Extracts | |
| Others |
| By Application | |
| Bakery & Confectionery | |
| Condiments, Seasonings & Sauces | |
| Dairy & Frozen Foods | |
| Meat & Seafood Products | |
| Snacks and Savoury Products | |
| Others |
| By Geography | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Sodium Reduction Ingredients Market Research FAQs
What is the current North America Sodium Reduction Ingredients Market size?
The North America Sodium Reduction Ingredients Market is projected to register a CAGR of 8.40% during the forecast period (2024-2029)
Who are the key players in North America Sodium Reduction Ingredients Market?
Givaudan SA, Tate & Lyle Plc, Kerry Group Plc, Biospringer and Corbion are the major companies operating in the North America Sodium Reduction Ingredients Market.
What years does this North America Sodium Reduction Ingredients Market cover?
The report covers the North America Sodium Reduction Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Sodium Reduction Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Sodium Reduction Ingredients Industry Report
Statistics for the 2024 North America Sodium Reduction Ingredients market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Sodium Reduction Ingredients analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
